Question

A plot of land costs rs 100000.The land value appreciates 5 %the first year and the value further appreciates by 8% the next year .What is the cost of the land after two years?

Answer 1

Answer:

Step-by-step explanation:

For first year= 100000(1+(5/100))

=100000*21/20

=105000

For second year=105000(1+(8/100))

=105000*27/25

=113400

The Cost of land after 2 years will be Rs.113400

Answer 2

The cost of the land after two years is Rs.113400

Step-by-step explanation:

Present value of land = Rs.100000

The land value appreciates 5 %the first year

So, value of land after 1 year = $100000+5\%(100000)=105000$

The land value appreciates by 8% the next year

So, value of land after 2 year =$105000+8\%(105000)=113400$

Hence the cost of the land after two years is Rs.113400

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The value of machine depreciate every year by 10%if the present valueof machine be 9900what was it value last year

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